“…Atomically precise, ligand-stabilized metal nanoclusters (NCs), such as gold, silver, and copper NCs, can be simply synthesized under mild conditions without involving toxic elements and hazardous solvents . Moreover, they possess several fascinating photophysical properties, such as tunable absorption/emission, large Stokes shifts, and intramolecular charge-transfer (ICT) excited states. , As a result, metal NCs have been explored for several optoelectronic applications, such as LSCs, photovoltaic devices, and solar water splitting. − However, their photoluminescence (PL) QY is still low (typically far less than 20%), in particular, for red/NIR AuNCs with the ICT states due to the energy-gap law (large nonradiative decay rates, k nr ) and small wave function overlap between the excited and ground states (small radiative decay rates, k r ). − So far, the exact PL mechanism for ligand-stabilized AuNCs is still elusive, which should involve both contribution from surface ligands and kernel metals, as well as their synergistic interaction. − …”